SOURCE: Titan Energy Worldwide

September 06, 2007 09:00 ET

Titan Energy Development, Inc. Receives Purchase Agreement From Van Ess Dairy in Iowa to Install Multiple Generator Systems

SAN DIEGO, CA--(Marketwire - September 6, 2007) - Titan Energy Worldwide, Inc. (OTCBB: TEWI) announced today that its wholly owned subsidiary, Stellar Energy Services, has been awarded a purchase agreement to supply one 800kW Generac (MPS) Multiple Paralleling System comprised of two (2) 400kW Diesel Generators, to be run in parallel, and (1) stand alone 600kW Diesel Generator. The emergency standby power system will be installed at Van Ess Dairy located in Sanborn Iowa. The total contract is valued at $237,812.00.

Both emergency power systems will be installed outdoors with weather protective enclosures. The units were also designed with 24 hour fuel tanks, the 600kW unit has a 936 gallon sub-base double walled diesel fuel tank and the 800kW MPS has a diesel tank with 1,386 gallons. The emergency power system produces 480 volt electricity and is large enough to back up the entire dairy operation. The engine generators are controlled by two Generac automatic transfer switches, one 1600 amp and one 1000 amp. The transfer switches monitor the incoming utility and if there is a loss of power will automatically start the engine generators switch the farm over to the emergency power within 10 seconds.

Mike Marcinek, Field Sales Engineer for Stellar Energy, stated, "Jeremy Hanisch, owner of Hanisch Electric, has previously installed Generac (MPS) and was quite pleased with the ease of installation and availability of technical support through Stellar Energy Services. The risk of an outage at his facility is too costly to rely upon a single unit and the N + 1 level of redundancy only available through Generac was the key benefit that swayed Van Ess Dairy's selection."

More information on Titan Energy can be found at www.titanenergydevelopment.com.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.

Contact Information

  • Contact:
    Jeff Flannery
    Titan Energy Worldwide, Inc.
    (619) 342-7449